21
Does buying stock in Robinhood make someone a petit bourgeois due to the person benefitting from a company’s surplus value? (lemmygrad.ml)
submitted 2 years ago* by to c/asklemmygrad@lemmygrad.ml
40 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] 8 points 2 years ago (1 child)

In the same way having a 401k or superannuation does.

Which is to say not very much, and the borders of class are a little fuzzy. AFAIK dividends are not the main way to make money off stock any more and I doubt anyone on robin hood was seeing that increase their wealth.

  • permalink
  • fedilink
  • source
  • hideshow 2 child comments
    •
  • [–] 6 points 2 years ago (2 children)

    The main way to make money off stocks is actually to use marxism.

    If you’ve read and understood Marx and Lenin, then you can use the theory to make great returns. It’s simple. Just find the most exploitative, evil, reactionary company in the most exploitative, evil reactionary country (the US) and invest in that. I’m talking about companies like mueller industries, Berkshire Hathaway, and HCA.

    The US will do whatever it takes to give returns to “their” capitalists. The market has proven this theory time and time again.

    Praxis, but bourgeois praxis.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 4 child comments
    •
  • [–] 3 points 2 years ago

    One problem is that these companies are so vulture like you can't trust them to be honest about their earnings. Most of it is hidden in sister and daughter companies abroad to minimise domestic taxes. And much of the rest is used to pay interest on 'loans' that the true owners give to the company to make it seem like the company is in debt.

    I'm not saying you're wrong. Those companies are guaranteed to survive because the state props them up. But for the small-time trader, there might not always be much in it for them.

  • permalink
  • fedilink
  • source
  • parent